Daily Market Report - 23 September 2025
- Wall Street closed firmer with the S&P 500 notching another record high led by Nvidia’s reported partnership with OpenAI amid concerns of a potential government shutdown over Democrats’ healthcare demands.
- Meanwhile, the US 10-year yield inched higher at 4.147%.
- Over in Hong Kong, the HSI retreated as profit taking activities persisted.
- In addition, sentiment has turned cautious as the highly anticipated phone call between Trump and Xi provided little incentive or clarity for traders to indulge.
- On the local front, the FBM KLCI climbed to above the 1,600 mark underpinned by sustained accumulation of blue chips by foreign funds.
- In the absence of strong catalysts, we expect the index to trend between the 1,600-1,610 range today.
- Meanwhile, gold price has hit another record high above the USD3,700/oz.
